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Real Estate Tips
Real Estate Contracts >Personal Property

When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?

There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.

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Deborah Herridge, REALTOR®, real estate agent and broker for Chester, Mendham and Long Valley, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Deborah Herridge
Coldwell Banker Residential Brokerage

191 Main St.
Chester, NJ 07930
201-400-2980
Fax: 201-299-4819
Deborah@DeborahHerridge.com


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